Bi-Weekly Mortgage Calculator

This calculator will show you how much you will save if you make 1/2 of your mortgage payment every two weeks instead of making a full mortgage payment once a month. In effect, you will be making one extra mortgage payment per year -- without hardly noticing the additional cash outflow. But, as you're about to discover, you will certainly notice the "increased" cash flow that will occur when you pay your mortgage off way ahead of schedule!

Dollar amount of your mortgage:

Interest rate of your mortgage:

Term of your mortgage in months:

Current monthly mortgage payment:

Number of monthly payments you have already paid:

Your Current Mortgage

Dollar amount of your mortgage:

Percentage rate of your mortgage:

Your current monthly payment:

Total Interest paid:

Paid off in:

With the Bi-Weekly Plan

Your bi-weekly payment:

Total Interest paid:

Total Interest savings:

Paid off in:

Number of payments saved:

Equivalent interest rate:

If You Pay an Additional $25 Every Payment

Your bi-weekly payment:

Total Interest paid:

Total Interest savings:

Paid off in:

Number of payments saved:

Equivalent interest rate:

If You Pay an Additional $50 Every Payment

Your bi-weekly payment:

Total Interest paid:

Total Interest savings:

Paid off in:

Number of payments saved:

Equivalent interest rate:

This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance.
They are for your personal use and are not intended to replace professional financial advice.